Commercial Condominium / Sales

Condominium Business Park

The Portland Technology Park is a commercial condominium. Companies in the park benefit from shared expenses for a wide range of services, reducing costs and enhancing efficiencies. Three sites, each referred to as a unit area (limited common element (LCE)), are available for sale and development. Site Four has been sold. Each unit area provides its owner with exclusive development rights and use within the boundary of that unit area. Development of a unit area is the owner’s responsibility, including building, driveway and parking area.

Fees

Condominium fees for common area expenses are conservatively estimated to range from $4,000 to $5,000 per year for each of four unit areas in the completed Phase 1 section of the park. Once Phase 2 is completed and the three additional units areas are sold and built out, estimates decrease to $3,000 to $4,000 per year for each of seven units.

Minimum Parking Space Requirements
The minimum parking space requirement for office use is one space per 400 square feet. The minimum parking requirement for manufacturing use is one space per 1,000 square feet.

More Information

For more information, contact Nate Stevens of The Boulos Company at (207) 272-2385 or nstevens@boulos.com.